1070 Grandview Ct NE APT 100Columbia HeightsMN55421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Columbia Heights at 1070 Grandview Ct NE APT 100, Columbia Heights, MN, 55421 offers a 7.57% rental yield on a $242,500 purchase with $1,530/mo rent. 35% in year one. Equity gained on principal adds $1,565/yr while 5% annual appreciation supports $66,998 over five years. Portfolio math shows five-year ROI at 60.23% and total cumulative return in cash at $48,415. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,530/mo property income against a $1,187/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
0.62 Acres lot
$N/A/sqft
$589 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55421, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,880 (100%) |
| Owner Occupied HU | 7,201 (51.9%) |
| Renter Occupied HU | 5,970 (43.0%) |
| Vacant Housing Units | 709 ( 5.1%) |
| Median Home Value | $307,043 |
| Average Home Value | $316,918 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
8,270
Multi-Family
4,514
Businesses
647
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah J Gorham • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6658206
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